Chevron Archives - Page 4 of 7 - Energy Analytics Institute (EAI)

Chevron Applies for Venezuela License Renewal

(Reuters, 1.Sep.2022) — Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to […]

NRGBriefs: XOM, OXY, CVX Dividends; Hess Guyana Liftings

(Energy Analytics Institute, 27.Jul.2022) — Energy briefs including US Vice President Kamala Harris speaking with Guyana’s President Mohamed Irfaan Ali about energy and other issues; […]

US Officials Return to Venezuela Amid Gas Price Hike

(AP, 27.Jun.2022) — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with […]

Cheniere and Chevron Ink LNG Sale and Purchase Agreements

(Cheniere Energy, 22.Jun.2022) — Cheniere Energy, Inc. (NYSE American: LNG) announced that two of its subsidiaries, Sabine Pass Liquefaction, LLC (“SPL”) and Cheniere Marketing, LLC, […]

QatarEnergy and Chevron Awarded Early Site Work for RLPP

(QatarEnergy, 8.Jun.2022) — QatarEnergy and Chevron Phillips Chemical Company (CPChem) have announced awarding the early site works contract for the Ras Laffan Petrochemical Project (RLPP), […]

Global Energy Upheaval Offers Argentina’s ‘Dead Cow’ a New Lease of Life

(FT, 2.Jun.2022) — Can the EU’s ban this week on most Russian oil imports breathe new life into a dead cow in Patagonia? Argentina’s president […]

Chevron Reviews Plans at Annual Stockholders Meeting

(Chevron, 25.May.2022) — Chevron Corporation (NYSE: CVX) provided an overview of the company’s business plans and operations at its annual stockholders meeting. “We are focused on […]

US Prepares Renewal of Chevron’s Venezuela License Without Broader Terms

(Reuters, 24.May.2022) — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp‘s license to operate in Venezuela, but likely […]

Chevron Sanctions Ballymore Project in Deepwater US GOM

(Chevron, 17.May.2022) — Chevron Corporation (NYSE: CVX) sanctioned the Ballymore project in the deepwater US Gulf of Mexico. The project, with a design capacity of […]

US Moves to Ease a Few Economic Sanctions on Venezuela

(AP, 17.May.2022) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations […]

NRGBriefs: Petrobras EBITDA; LatAm Disintegration; Suriname’s Blk 58

(Energy Analytics Institute, 6.May.2022) — Energy briefs including Brazil’s state oil giant Petróleo Brasileiro S.A. (Petrobras) reporting earnings before interest, taxes, depreciation and amortization of […]

Talos Energy Reveals 1Q:22 Results, Increases Borrowing Base

(Talos, 4.May.2022) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2022 and the increase of its borrowing […]

Chevron Reports 1Q:22 Results, Ups Guidance for Permian Basin

(Chevron, 29.Apr.2022) — Chevron Corporation (NYSE: CVX) reported earnings of $6.3bn ($3.22 per share – diluted) for first quarter 2022, compared with $1.4bn ($0.72 per […]

Staatsolie and Chevron Ink PSC for Suriname Shallow Offshore Block 7

(Staatsolie, 27.Apr.2022) — Staatsolie Maatschappij Suriname N.V. expanding their cooperation in shallow offshore Suriname. A production sharing contract for offshore Block 7 was signed for […]

Environmental Lawyer Targeted by Chevron Freed from Under House Arrest

(Gizmodo, 26.Apr.2022) — After 993 days, Steven Donziger is finally free. On Monday, the embattled lawyer, who has been targeted by Chevron for years in […]

Wood Mackenzie Foresees Slow Production Recovery in Venezuela

(Energy Analytics Institute, 21.Apr.2022) — Venezuela’s oil production is expected to gradually rise to as much as 1. 3 million barrels per day by 2028, […]

NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela

HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ […]

US Oil Services Firms Join Push for Revamped Venezuela License

(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil […]

NRGBriefs: Argentina Grants Chevron El Trapial Este Concession

(Energy Analytics Institute, 9.Apr.2022) — Energy briefs including Argentina granting the El Trapial Este hydrocarbon concession to Chevron; and EP PetroEcuador reporting average production of […]

NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Mar.2022, Words: 583) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO […]

EAI brief takeaway: Venezuela and US sanctions

PANAMA CITY, PANAMA (By Editors at Energy Analytics Institute, 26.Mar.2022, Words: 364) — Venezuela’s petroleum sector is again front center on Washington’s radar due to […]

Chevron, Waiting It Out in Venezuela, Tells US Now Is the Time to Pump Oil

(WSJ, 22.Mar.2022) — For months, Biden administration officials snubbed top executives and lobbyists for Chevron Corp. who had pressed officials in Washington to ease sanctions so the company […]

UWI Economist Urges CARICOM to Look Within for Oil Supplies

(The Gleaner, 20.Mar.2022) — A day after Russia invaded Ukraine, sending oil prices skyrocketing to heights not seen since 2014, McCarthy Marie, a former University […]

NRGBriefs: Washington yet to Ease Sanctions on Venezuela

(Energy Analytics Institute, 16.Mar.2022) — Energy briefs including Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) receiving TSX Venture Exchange approval of a […]

Chevron Reveals $15bn Capital and Exploratory Budget for 2022

(Chevron, 1.Dec.2021) — Chevron Corporation (NYSE: CVX) announced a 2022 organic capital and exploratory spending program of $15bn, at the low end of its $15bn to $17bn guidance range […]

Venezuela: Nov. Oil Output Rises To 660 Mb/d

(S&P Global Platts, 30.Nov.2021) — Oil production by Venezuela’s state PDVSA and its foreign partners rose to 660,000 b/d in November, up 40,000 b/d from […]

Staatsolie Inks Offshore PSC With Chevron

(Staatsolie, 13.Oct.2021) — By signing the Production Sharing Contract (PSC), Staatsolie grants Chevron rights for exploration, development and production in the offshore area, while Staatsolie […]

Shell Invests In GOM Whale Development

(Shell, 26.Jul.2021) — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announces the final investment decision (FID) for Whale, a deep-water development in […]

Jansz-Io Compression Project To Proceed

(Chevron, 1.Jul.2021) — Chevron Corporation (NYSE: CVX) announced that its wholly owned subsidiary Chevron Australia Pty Ltd. as operator and the Gorgon joint venture participants […]

PDVSA Restarts Drilling Campaign Suspended Since 2019

(S&P Global, 29.Jun.2021) — In the second half of the year, Venezuela’s state-owned PDVSA will restart the drilling of oil wells while intensifying work to […]

Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned

(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to […]

Big Oil’s Watershed Moment: WoodMac

(Woodmac, 10.Jun.2021) — Pressures around climate change and the energy transition are having an impact, says Wood Mackenzie Vice-Chair, Americas, Ed Crooks. The events of […]

LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron

(Energy Analytics Institute, 2.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and […]

Venezuela Adjusts As Sanctions Spur Western Oil Partners To Retreat

(Reuters, 1.Jun.2021) — Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in […]

Talos Reports Good Results At Puma West

(Talos, 13.Apr.2021) — Talos Energy Inc., along with affiliates of bp plc and Chevron U.S.A. Inc. (collectively, the “Co-Owners”) today announced successful drilling results from […]

U.S. Thirst For Russian Oil Hits Record High

(Bloomberg, 24.Mar.2021) — The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship […]

Chevron Reports 4Q:20 Results [PDF DOWNLOAD]

(Chevron, 29.Jan.2021) — Chevron Corporation reported a loss of $665mn ($(0.33)/share – diluted) for fourth quarter 2020, compared with a loss of $6.6bn ($(3.51)/share – […]

Venezuela Crude Stocks Drop As Exports Pick Up

(Reuters, 26.Jan.2021) — Venezuelan state oil company PDVSA’s inventories of its main export crude grade dipped this week to their lowest levels since late November, […]

Spills In Venezuela Offer A Bleak Vision Of An Oil End

(Bloomberg, 15.Dec.2020) — Tropical rains have washed away most outward traces of the oil spill that ravaged Rio Seco this fall. But the fishing village […]

Biden Presidency To Reset US Sanctions Focus

(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US […]

Agbami Key Sticking Point In OPEC+ Compliance

(Argus, 11.Aug.2020) — Nigeria’s full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light […]

Argentine Court Rejects Ecuadorian Judgment Against Chevron

(Chevron, 31.Jul.2020) — Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corporation. This is […]

Chevron’s 2Q:20 Results, Venezuela Impairment

(Chevron, 31.Jul.2020) — Chevron Corporation reported a loss of $8.3 billion ($(4.44) per share – diluted) for second quarter 2020, compared with earnings of $4.3 […]

Chevron Expects To Restart Train 2 Of Gorgon LNG Plant

(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing […]

Sasol Sells Escravos GTL Plant In Nigeria To Chevron

(Sasol, 1.Jul.2020) — Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) […]

Argentina Puts Damper On Oil Demand, Production

(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, […]

End Of Venezuela’s Oil Fortune Looms Over Maduro

(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude […]

Suriname Beckons Oil Drillers Ahead Of Poll Result

(Argus, 3.Jun.2020) — Suriname is edging closer to a change of government that could pave the way for expanded offshore oil exploration. The South American […]

Korean Delegation Visits Vaca Muerta Formation

(Energy Analytics Institute, 19.May.2020) — Korean Ambassador Jang Myung-soo visited the Loma Campana field, where production comes from the Vaca Muerta formation, together with personnel […]

YPF Names New CEO As Vaca Muerta Faces Setback

(Upstream, 1.May.2020) — Argentine oil company YPF has appointed industry veteran Sergio Affronti as chief executive, replacing Daniel Gonzalez, amid headwinds from the coronavirus pandemic […]